GoCardless, a leading bank payment company, has entered into an agreement to acquire Sentenial, which operates globally under the Nuapay brand, from EML Payments Limited, pending regulatory approval.
The acquisition aims to significantly scale GoCardless’ indirect channel proposition, enhancing its position as a pivotal payment provider across various customer segments, including Independent Software Vendors (ISVs) and Payment Service Providers (PSPs).
Although the financial details of the deal were not disclosed, the merger is poised to accelerate GoCardless’ strategy execution by integrating Nuapay’s offerings. This integration will enable GoCardless to extend new disbursement capabilities, unlocking new verticals and use cases in sectors such as payroll, financial services, utilities, insurance, gaming, and gambling.
GoCardless is renowned for its expertise in facilitating bank payments, offering businesses the ability to collect direct debit payments across multiple countries. Nuapay, on the other hand, is celebrated for its account-to-account payment solutions and open banking prowess, boasting a prestigious customer base.
Together, they aim to provide a comprehensive service covering all aspects of bank payments, from direct debits to real-time payments and open banking, enhanced by features designed to improve payment success and reduce fraud.
GoCardless CEO Hiroki Takeuchi said, “Nuapay is an established account-to-account payment provider and open banking specialist with a blue chip customer base. Its business is perfectly aligned to our growth strategy, and will accelerate our vision to become the world’s bank payment network.”
Nuapay CEO Brian Hanrahan added, “How the world pays and gets paid is being transformed, with account-to-account payments and open banking playing the central role in that shift. Building on that shared vision, this acquisition will result in a combined organisation with deep domestic and international payments and open banking expertise plus the scale to harness these opportunities for our clients and partners.”
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